Trump announces 10% baseline tariff on all imports, higher 'reciprocal' tariffs against select countries
- President Donald Trump announced a 10% tariff on all imports starting April 5, with higher rates for 60 countries, including 34% on China, effective April 9.
- Financial markets fell sharply after the announcement, with major stock indices declining from a gain to a 2% drop by closing.
- Experts believe tariffs will be paid by importers and may lead to increased consumer prices, amidst already high inflation levels.
- The tariffs risk escalating tensions with global trading partners and reflect Trump's long-standing belief in the effectiveness of tariffs to boost the U.S. Economy.
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782 Articles
‘Trump is testing his presidency on these tariffs’: Reciprocal tariffs rolled out on most nations
Matt Dowd, Democratic Strategist, David Gura, Bloomberg News Anchor and Correspondent, and Vaughn Hillyard, NBC News White House Correspondent joins Nicolle Wallace on Deadline White House with reaction to Donald Trump’s tariff rollout and how the risks of raising costs for all consumers in the United States threatens his legacy in his second term.

Countries eye trade talks as Trump tariff blitz roils markets
Major US trade partners pilloried US President Donald Trump's global tariffs onslaught on Thursday, but left the door open to negotiations as markets tanked over fears his trade war would damage the world economy.
Donald Trump's customs duties: the European Union says it's ready to react
The US President has put his threats into effect: he launched his major trade war called "liberation day." A basic customs duty of 10% is imposed on all goods imported into the United States. For about 60 countries, it is the cold shower. They are being imposed extra duties very high, levied on all or almost all of their exports. For its part, the European Union will be hit to the tune of 20% and already announces the response.

US trade partners eye talks after Trump tariff blitz
Major US trade partners pilloried US President Donald Trump's global tariffs onslaught on Thursday, but left the door open to negotiations as markets tumbled over fears his trade war would damage the world economy.
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